consolidation loan

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noun

a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.

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Words nearby consolidation loan

consolidate, consolidated, Consolidated Fund, consolidated school, consolidation, consolidation loan, consolidator, consoling, consols, consolute, consommé

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use consolidation loan in a sentence

This loan has done nothing to deter the hardliners: just ask the current occupants of Evin prison.
Britain Has Lost Its Marbles: Elgin Loan Will Appease Putin|Geoffrey Robertson|December 5, 2014|DAILY BEAST
What were the terms of the loan—did the Hermitage pay and if not, why not?
Britain Has Lost Its Marbles: Elgin Loan Will Appease Putin|Geoffrey Robertson|December 5, 2014|DAILY BEAST
He jokes about going through airport security with the then 800-year-old document, which is now on loan to the National Archives.
Patriotic Philanthropy: Not an Oxymoron|Eleanor Clift|November 27, 2014|DAILY BEAST
He continues to search for a loan to renovate his beloved Hotel Pourquoi Pas?
‘Argo’ in the Congo: The Ghosts of the Stanleyville Hostage Crisis|Nina Strochlic|November 23, 2014|DAILY BEAST

Old people vote in midterms, so it stands a much better chance of having an impact than a last-second student-loan scare.
Hooray for Liberal Fear-Mongering!|Michael Tomasky|October 28, 2014|DAILY BEAST
War credit banks were more general in their dealings than war loan banks.
Readings in Money and Banking|Chester Arthur Phillips
Must I add, that your good money paid this second loan—and yet a third—a fourth—a fifth?
Blackwood's Edinburgh Magazine, No. CCCXXXIX. January, 1844. Vol. LV.|Various
They would certainly ask that question, and perhaps refuse the loan.
Blackwood's Edinburgh Magazine, No. CCCXXXIX. January, 1844. Vol. LV.|Various
For us to take her place it became necessary for us to loan before we could sell and buy.
Readings in Money and Banking|Chester Arthur Phillips
Syfe settled with him in cash by taking a large loan on his homestead and giving Barr the proceeds.
The Homesteader|Oscar Micheaux

British Dictionary definitions for consolidation loan

consolidation loan

noun

a single loan which is taken out to pay off several separate existing loans

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012